Strength Seen in International General Insurance (IGIC): Can Its 5.4% Jump Turn into More Strength?

International General Insurance Holdings Ltd. (IGIC) shares soared 5.4% in the last trading session to close at $27.01. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.6% loss over the past four weeks. The upside likely has been driven by board’s approval of an extraordinary cash dividend reflecting solid operational expertise. It covers a mix of mature and high-growth, under-represented geographies covering a mix of mature and high-growth, under-represented geographies.This specialty insurer remains focused on building out US/European business and capitalize on market opportunities while diversifying business to accelerate growth bodes well.It aims to lower volatility and catastrophe exposure by prudently using reinsurance and boasts zero financial leverage.This company is expected to post quarterly earnings of $0.58 per share in its upcoming report, which represents a year-over-year change of -34.8%. Revenues are expected to be $135.5 million, up 4.2% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For International General Insurance, the consensus EPS estimate for the quarter has been revised 9.4% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on IGIC going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>International General Insurance belongs to the Zacks Insurance - Multi line industry. Another stock from the same industry, Old Republic International (ORI), closed the last trading session 0.2% higher at $37.77. Over the past month, ORI has returned 3%.For Old Republic, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.73. This represents a change of +9% from what the company reported a year ago. Old Republic currently has a Zacks Rank of #2 (Buy).Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report International General Insurance Holdings Ltd. (IGIC): Free Stock Analysis Report Old Republic International Corporation (ORI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks